Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Capital Gains Tax - costs of selling primary home.



Robin says:
9 April 2016 at 15:20

When selling one's primary residence, am I correct to assume that closing out of the bond is included in costs of selling the asset when it comes to CGT payments? Does this fall under costs of selling the asset?

TaxTim TaxTim says:
11 April 2016 at 7:12

Yes, the admin costs would be deducted from the proceeds received.

This entry was posted in Tax Q&A and tagged , , , , . Bookmark the permalink.



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.